BMGT4930 EXAM 1 TRIVIA FROM CLASS 9/12
EXAM QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) ALREADY GRADED
A+
1. A _____ is an integrated and coordinated set of commitments and
actions designed to exploit core competencies and gain a competitive
advantage.: strategy
2. True / False:
Companies that use strategic management tend to have higher levels of
performance.: T
3. A ______ is what sets an organization apart from others and is the
ultimate purpose of strategic management.: Competitive advantage
4. Strategy as a ____ is seen in how a firm selects specific actions to outwit
competitors.: ploy
5. What system of supply relationships emphasizes omnidirectional
interdependence and simultaneous production?: Supply Ecosystem
6. At the initiation of the strategic management process, what are the two
types of factors that need to be analyzed?: Internal/external
EXAM QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) ALREADY GRADED
A+
1. A _____ is an integrated and coordinated set of commitments and
actions designed to exploit core competencies and gain a competitive
advantage.: strategy
2. True / False:
Companies that use strategic management tend to have higher levels of
performance.: T
3. A ______ is what sets an organization apart from others and is the
ultimate purpose of strategic management.: Competitive advantage
4. Strategy as a ____ is seen in how a firm selects specific actions to outwit
competitors.: ploy
5. What system of supply relationships emphasizes omnidirectional
interdependence and simultaneous production?: Supply Ecosystem
6. At the initiation of the strategic management process, what are the two
types of factors that need to be analyzed?: Internal/external
